UAE | ForkLog - Part 2

ForkLog 68 29.03.2025

Sonic Labs Alters Stablecoin Launch Plans

Instead of a dollar-based algorithmic stablecoin, developers at Sonic Labs plan to launch a “mathematically bound numerical Dirham,” according to the company’s head, Andre Cronje. We will no longer be releasing a USD based algorithmic stable coin. Completely unrelated, we will be releasing a mathematically bound numerical Dirham which is settled and denominated in USD, […]

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ForkLog 89 24.03.2025

Blynex Accused of Unlawful Liquidation of DHN Token

Learn-to-Earn platform Dohrnii Labs has accused the UAE-based cryptocurrency exchange Blynex of liquidating its tokens without permission and failing to disburse a promised loan, according to Cointelegraph. The aggrieved party claims to have deposited 12,649.99 Dohrnii (DHN) tokens worth over $500,000 on the exchange. On March 23, Dohrnii Labs used 8,650 DHN as collateral for […]

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ForkLog 25 21.03.2025

US and UAE Coordinate Plans on Digital Currencies

The UAE’s National Security Advisor, Sheikh Tahnoon Bin Zayed Al Nahyan, and Donald Trump’s Special Advisor on AI and Cryptocurrencies, David Sacks, discussed the development of digital assets and artificial intelligence. I explored with @davidsacks47 , the Special Advisor on AI and Crypto, the transformative effects of artificial intelligence across various sectors, the expanding role […]

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ForkLog 35 13.03.2025

Ripple Secures License to Operate in UAE

Ripple has received approval from the DFSA to offer regulated cryptocurrency payment services in the Dubai International Financial Centre (DIFC). The firm has become the first blockchain provider to be licensed by the authority. According to a press release, the cross-border payments market in the UAE is valued at $40 billion. The high demand for […]

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ForkLog 54 15.02.2025

Abu Dhabi’s Sovereign Fund Reveals Investment in BlackRock’s Bitcoin ETF

The government-owned Mubadala Investment Company of Abu Dhabi disclosed an investment in BlackRock’s spot Bitcoin ETF amounting to $436.9 million.

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ForkLog 17 18.10.2024

UAE to Establish Legal Framework for DAOs

The UAE plans to introduce a legal framework for decentralized autonomous organizations (DAOs) within the RAK DAO. This was reported by Cointelegraph, citing a letter from the law firm NeosLegal. The presentation and discussion of the new regime with representatives of the free economic zone is scheduled for October 25. Irina Heaver, a partner at […]

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ForkLog 37 17.10.2024

0xProcessing and Pokras Lampas to Unveil Collaboration at Blockchain Life 2024

The crypto processing service 0xProcessing and calligraphy artist Pokras Lampas will unveil their collaboration at the Blockchain Life 2024 forum, scheduled for October 22-23 in Dubai.

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ForkLog 19 14.10.2024

UAE Central Bank Grants Preliminary Approval for Dirham-Based Stablecoin

CBUAE has granted AED Stablecoin preliminary approval to issue a dirham-based stablecoin, AE Coin, in accordance with the Payment Token Services Regulation. This was reported by Gulf Today. The firm has emerged as the frontrunner in the race to become the first issuer of a regulated stablecoin pegged to the local currency. If fully approved, […]

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ForkLog 24 11.10.2024

Countdown to Blockchain Life 2024 in Dubai

On October 22 and 23, Dubai will host the thirteenth international forum Blockchain Life 2024. The event will gather over 10,000 industry representatives from 120 countries. “If you miss the conference, you’ll experience such FOMO in 2025 that you can’t even imagine. New projects will emerge daily, but you won’t be prepared for them, even […]

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ForkLog 13 07.10.2024

UAE Abolishes VAT on Cryptocurrency Transactions

The UAE authorities have exempted all cryptocurrency transactions from the 5% value-added tax. This was highlighted by PwC. “The UAE has effectively placed digital assets on par with TradFi. This legitimizes cryptocurrencies,” —commented Ankita Dhawan, a senior research fellow at the Métis Institute. The exemption is retroactive from January 1, 2018. Companies involved with digital […]

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ForkLog 18 02.10.2024

Blockchain Life 2024 to Feature Speakers from Tether, Tron, and Trust Wallet

On October 22 and 23, Dubai will host the thirteenth international forum Blockchain Life 2024. The event will gather over 10,000 industry representatives from 120 countries, including speakers from Tether, Tron, Trust Wallet, and Ledger. According to the event’s organizer, Sergey Khitrov, cryptocurrency trends are typically discussed at the forum about six months before they […]

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ForkLog 14 28.08.2024

French and UAE Authorities Allegedly Hacked Pavel Durov’s iPhone

In 2017, France and the UAE orchestrated the hacking of Telegram founder Pavel Durov’s iPhone as part of an operation codenamed “Purple Music.” This was reported by The Wall Street Journal, citing sources. According to these sources, the authorities of both countries were concerned that the messaging app was being used by terrorists, drug traffickers, […]

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